How to use OMWZ - C LIFO/FIFO: Company Code Parameters

SAP Transaction Code - Details

• Transaction Code: OMWZ

  Description: C LIFO/FIFO: Company Code Parameters

  Release: S/4HANA and ECC 6

• • Program:

    Screen: 0

    Authorization Object:

  • Development Package: MRY

    Package Description: Balance Sheet Valuation

    Parent Package: APPL

  • Module/Component: MM-IM-VP

    Description: Balance Sheet Valuation Procedures

Smart SAP Assistant

• SAP Tcode: OMWZ - C LIFO/FIFO: Company Code Parameters

  
  Overview: 
  The SAP transaction code OMWZ is used to set company code parameters for Last In First Out (LIFO) and First In First Out (FIFO) inventory valuation methods. This transaction code is used to define the parameters for the company code that will be used in the inventory valuation process. 
  
  Functionality: 
  The OMWZ transaction code allows users to set up company code parameters for LIFO and FIFO inventory valuation methods. This includes setting up the valuation area, the valuation type, and the valuation class. The parameters set up in this transaction code will be used in the inventory valuation process. 
  
  Step-by-step How to Use: 
  1. Enter the transaction code OMWZ in the command field. 
  2. Enter the company code for which you want to set up parameters. 
  3. Select the valuation area, valuation type, and valuation class that you want to use for this company code. 
  4. Save your changes. 
  
  Other Recommendations: 
  It is important to ensure that all of the parameters set up in this transaction code are correct and up-to-date in order for the inventory valuation process to run smoothly. It is also important to ensure that all users have access to this transaction code so that they can make any necessary changes or updates as needed.